Leading Cyber Security Firm Safe Security Raises $50 Million Series B Round Funding
PALO ALTO, Calif.,18th April, 2023: Safe Security, the leader in AI-based cyber risk management SaaS platforms, today announced the close of a $50 million Series B round led by Sorenson Capital, with participation from Eight Roads, venture capital arm of Fidelity Investments, Telstra Ventures, WTI, and all existing investors. This round brings the company’s total funding to over $100 million.
With the current macroeconomic climate, cybersecurity teams are re-evaluating their cybersecurity investments, which are flush with point solutions that do not provide holistic cyber risk visibility and points of attack exposure. Alongside this financial pressure, external cyber regulation and guidelines stemming from the White House and regulatory bodies, like the SEC and the National Cy...